Context
The Eastern Economic Forum (EEF) has become an important platform for promoting economic cooperation and investment in Russia’s Far East and the Asia-Pacific region.
About Eastern Economic Forum (EEF)
- The Eastern Economic Forum is an annual international forum established in 2015 by Russian President Vladimir Vladimirovich Putin.
- It is held every year in Vladivostok, Russia.
- Its main objective is to promote the economic development of Russia’s Far East and expand international cooperation in the Asia-Pacific region.
- The forum brings together government representatives, businesses, investors and experts to discuss economic cooperation and investment opportunities.
- It has attracted participants from countries such as China, India, Malaysia, Mongolia and Myanmar.
- The forum also supports stronger links between Russian and global investment communities.
Russian Far East
- The Russian Far East is the easternmost part of Russia and is characterised by a cold climate and sparse population.
- The region extends across four time zones and a wide range of climatic conditions, from northern deserts to subtropical areas.
- It is bordered by the Pacific and Arctic Oceans and by China, Japan, Mongolia, the United States and the DPRK.
- The region has substantial reserves of gold, diamonds, oil and natural gas.
- Around one-third of Russia’s coal reserves and hydro-engineering resources are found there.
Eastern Economic Forum FAQs
Q1. What is the main purpose of the Eastern Economic Forum?
Ans: The EEF focuses on the economic development of Russia’s Far East and on expanding international cooperation in the Asia-Pacific region.
Q2. When was the EEF established and where is it held?
Ans: It was established in 2015 and is held annually in Vladivostok, Russia.
Q3. Who takes part in the EEF?
Ans: The forum brings together government representatives, businesses, investors and experts to discuss economic cooperation and investment opportunities.
Q4. Why is the Russian Far East important in the context of the EEF?
Ans: Development of the region is a major objective of the EEF. The Far East also has significant natural resources and links with the Asia-Pacific region.
Q5. What are the major resources found in the Russian Far East?
Ans: The region has reserves of gold, diamonds, oil and natural gas. It also contains about one-third of Russia’s coal reserves and hydro-engineering resources.
Q6. What are the key geographical features of the Russian Far East?
Ans: It is Russia’s easternmost region, spans four time zones, covers diverse climatic zones, and lies along the Pacific and Arctic Oceans.
